Mohammad Is Paid a Weekly Commission of 2% on Net

question 107

Essay

Mohammad is paid a weekly commission of 2% on net sales of $6000.00, 4% on the next $3 000.00 and 6.25% on all further sales. His gross sales for a week were 11 160.00 and sales returns and allowances were $120.00.
a) Calculate his gross earnings for the week.
b) Calculate the average hourly rate of pay for the week if he worked 40 hours.

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Definitions:

Key Stakeholders

Individuals or groups with a significant interest or stake in the outcome of a project, initiative, or enterprise.

Initiation Phase

The phase in project management where the project is defined and authorized, including the scope, objectives, and stakeholders involved.

Project Manager

A professional responsible for planning, executing, monitoring, controlling, and closing projects, ensuring they are completed on time, within budget, and to scope.

Project Infrastructure

The foundational systems and structures needed to support the execution and completion of a project.